Oregon college students must apply by Aug. 15 for state grant money

State officials expect Oregon to run out of college grant money early this year because of state funding cuts and a record number of applications.

The deadline for applying for an Oregon Opportunity Grant is Aug. 15, more than three months earlier than last year's cut off at the end of November.

About 113,000 eligible students have applied so far this year, up 26 percent from the same time last year. The state has about $55 million to spend on college grants this school year, down from $68 million in 2008-09.

"There just isn't enough money to go around," said Susan Degen, administrator of the state grant program.